MWSS okays water rate hike adjustment in July
Customers of Maynilad Water Services, Inc. (Maynilad) and Manila Water Corp. (MWC) will have to bear additional cost in their monthly billing starting next month after Metropolitan Waterworks and Sewerage System (MWSS) already approved the request of these companies to adjust their rates.
MWSS Chief Regulator Patrick Ty said the MWSS-Regulatory Office (RO) already approved the Foreign Currency Differentials Adjustment (FCDA) adjustment that Maynilad and Manila Water separately applied for.
FCDA is a tariff mechanism granted to utility companies to allow them to recover losses or give back gains arising from the fluctuating movements of the peso against other currencies, a report in Manila Bulletin explained.
For the third quarter, the approved FCDA adjustment of P0.99 per cubic meter (/cu.m) for Manila Water and P0.06/cu.m for Maynilad will be the reason why the rates will go up.
This will cause a P5.21-increase per month for Manila Water residential customers consuming 10 cu.m or less, while those consuming 20 cu.m or less would experience an increase of P11.51 per month. Customers consuming 30 cu.m would experiene an increase of P23.59 per month.
Maynilad customers consuming 10 cu.m, on the other hand, will see an increase of P0.23 per month, while those consuming 20 cu.m will see an increase of P0.86 per month. Those consuming 30 cu.m will feel a P1.75 increase.